Despite the RBA setting a dovish when it comes to all things $AUD this spike in price action has caught my eye, enough for me to justify a pre-emptive move in the name of $AUD strength.
Trump's impeachment at the house will not have an impact because the senate where Republicans hold the majority will not vote against their own political leader (well at least that is what the general consensus is); however this does not make Trump look good in the public eye and with elections around the corner this threatens his re-election prospects.
Which is enough to garner a few smiles across the pacific in China, where a scenario of Trump not in office would surely improve Chinas seat at the table of negotiations.
Trump's impeachment at the house will not have an impact because the senate where Republicans hold the majority will not vote against their own political leader (well at least that is what the general consensus is); however this does not make Trump look good in the public eye and with elections around the corner this threatens his re-election prospects.
Which is enough to garner a few smiles across the pacific in China, where a scenario of Trump not in office would surely improve Chinas seat at the table of negotiations.